Assume that you are an intern with the Brayton Company, and you have collected the following data: The yield on the company's outstanding bonds is $7\mathrm{.}75\%$; its tax rate is $25\%$; the next expected dividend is $$0\mathrm{.}65$ a share; the dividend is expected to grow at a constant rate of $6\mathrm{.}00\%$ a year; the price of the stock is $$15\mathrm{.}00$ per share; the flotation cost for selling new shares is F $=10\%$; and the target capital structure is $45\%$ debt and $55\%$ common equity. What is the firm's WACC, assuming it must issue new stock to finance its capital budget?